Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 4, 2026 is estimated to be $217 Million, with a cash option of 97.4 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Sat Apr 4, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 4, 2026	$217,000,000	$97,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$97,400,000
Federal Tax(24%)	$23,376,000
Additional Federal Tax	$12,622,330
State Tax(5%)	$4,870,000
Net Lumpsum Payment	$56,531,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,266,067	-$1,168,775 -$163,303	$1,933,989
2	$3,429,468	-$1,229,234 -$171,473	$2,028,761
3	$3,600,898	-$1,292,663 -$180,045	$2,128,190
4	$3,781,008	-$1,359,303 -$189,050	$2,232,655
5	$3,970,015	-$1,429,236 -$198,501	$2,342,278
6	$4,168,570	-$1,502,701 -$208,429	$2,457,440
7	$4,376,890	-$1,579,780 -$218,845	$2,578,265
8	$4,595,843	-$1,660,792 -$229,792	$2,705,259
9	$4,825,646	-$1,745,819 -$241,282	$2,838,545
10	$5,066,950	-$1,835,102 -$253,348	$2,978,500
11	$5,320,189	-$1,928,800 -$266,009	$3,125,380
12	$5,586,231	-$2,027,236 -$279,312	$3,279,683
13	$5,865,510	-$2,130,569 -$293,276	$3,441,665
14	$6,158,894	-$2,239,121 -$307,945	$3,611,828
15	$6,466,817	-$2,353,053 -$323,341	$3,790,423
16	$6,790,147	-$2,472,685 -$339,507	$3,977,955
17	$7,129,535	-$2,598,258 -$356,477	$4,174,800
18	$7,486,066	-$2,730,175 -$374,303	$4,381,588
19	$7,860,391	-$2,868,675 -$393,020	$4,598,696
20	$8,253,378	-$3,014,080 -$412,669	$4,826,629
21	$8,666,112	-$3,166,792 -$433,306	$5,066,014
22	$9,099,461	-$3,327,131 -$454,973	$5,317,357
23	$9,554,293	-$3,495,419 -$477,715	$5,581,159
24	$10,032,127	-$3,672,217 -$501,606	$5,858,304
25	$10,533,614	-$3,857,768 -$526,681	$6,149,165
26	$11,060,490	-$4,052,712 -$553,025	$6,454,753
27	$11,613,406	-$4,257,291 -$580,670	$6,775,445
28	$12,194,098	-$4,472,147 -$609,705	$7,112,246
29	$12,803,868	-$4,697,762 -$640,193	$7,465,913
30	$13,444,018	-$4,934,617 -$672,201	$7,837,200